Nexxiot, the global TradeTech pioneer, welcomed Knorr-Bremse as a new customer and strategic investor. Knorr-Bremse is the global market leader for brake systems and other rail and commercial vehicle systems. Knorr-Bremse and its North American subsidiaries New York Air Brake and Knorr Brake Company will integrate Nexxiot's IoT hardware and software into future rail products and systems, proactively driving digital connectivity into its vast railroad customer base, in a major deal that will shape the future of rail transportation. Knorr-customers Bremse's will benefit from higher vehicle availability, optimized lifetime costs, and greater operational efficiency by linking their rail brakes, doors, HVAC, sanitary, and other systems to Nexxiot's digital environment. The company will also solidify its position as one of the most innovative rail providers, providing clients with appealing new insights and digital services.
Knorr-Bremse joins Nexxiot as a strategic minority investor. Existing shareholders and the leading investment management firm QVIDTVM, directed by Burak Alici, have increased their holdings.
"As a core element in our strategy, we're using digitalization to leverage our already strong position in safety- and mission-critical rail vehicle systems, and to generate further growth and strong profitability. Together with Nexxiot's dedicated team, we're now pressing ahead with our ambition to add further value for our customers. By combining our systems technology with Nexxiot's digital ecosystem, we're creating a win-win scenario that will boost vehicle availability and lower the total cost of fleet ownership by leveraging a new generation of data-based services," explains Dr. Jürgen Wilder, Member of the Executive Board of Knorr-Bremse AG and responsible for the Rail Vehicle Systems division.
"This partnership with Knorr-Bremse, a leading supplier of rail vehicle systems, will help us build the best products and services for the industry. Together, we aim to accelerate the digitalization of key areas like rail freight and automation services. At the same time, we'll also be able to speed up our own expansion in the rail industry and continue our strong growth, Specifically, our sensors and scalable cloud-based platform help turn rolling stock assets into connected, data-generating industrial objects. Leveraging rail data in real-time will be a key success factor in helping make rail and rail services fit for the future."
Stefan Kalmund, CEO of Nexxiot
The Nexxiot Globehopper LINK gadget, which checks the status of some of the most critical sections of a railcar, such as doors and brakes, and sends the data to the cloud, will be deployed by Knorr-Bremse. Nexxiot uses unique algorithms and Big Data analytics to transform this data into new business information and data-driven services for all stakeholders in the value chain.
This Internet of Things technology will enable operators to automate important business processes and get a wealth of new insights, resulting in a significant increase in efficiency, sustainability, customer service, and profitability. Train parts that haven't been monitored in real time are now visible and accessible digitally.